Business Economics Mock Test - 4 - CA Foundation MCQ
30 Questions MCQ Test - Business Economics Mock Test - 4
The costs (LRAC) and prices (P) for four firms are given in the options below. Which of these cannot lie on the long-run supply curve of a firm?
If automobile manufacturers are producing cars faster than people want to buy them,
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The summation of the total production of all firms and industries in the economy gives us the ____________ method.
If the price is Rs 10, quantity supplied is 20 and the average total cost is Rs 3, then calculate profit.
Study the supply curve given in the figure.
Q. If the market price is $8, what is the quantity supplied?
If income increases from 3,000 to 4,000, and autonomous investment increases by 200, the MPC should be
Adil and Kratu are joining a master's program in management. Adil has freshly graduated out of college and has a job offer worth Rs 5 lakhs from a company. Kratu quit his job which earned him Rs 4 lakhs per year. Whose opportunity cost is more?
The supply curve is upward sloping because __________.
In the context of government budget, which of the following statements is correct?
Which of the following is not concerned with the problem of choice
Which of the following is a commonly accepted definition of money?
A borrower comes into the bank and pays off 10,000 Rupees of his loan. This was a cash payment by the borrower to the bank. What was the immediate effect on the nation’s money supply?
The limits imposed on household choices by income, wealth, and product prices are captured by the
Differences between closing stock and opening stock during an accounting year are known as:
The positively sloped (i.e. rising) part of the long run average total cost curve is due to which of the following?
Q. Refer to the table mentioned above. What is the real GDP in year 3?
___ is that period of time in which some factors are fixed and some are variable.
The market price of a pizza is Rs 300. Corresponding to an output of 120 units, the average total cost of producing a pizza is Rs 250. Calculate his total profit at this output level.
Value-added method measures the contribution of which of the following within the domestic territory of a country?
A higher GDP per capita may not mean that the quality of life has really improved because
Which of the following does not come under quantitative methods of monetary policy?
Fiscal Responsibility and Budget Management Act (FRBMA) ACT 2003 concerns:
Consumption of all goods and services in the economy during the period of an accounting year is known as :
In case of a natural calamity such as an earthquake, money can be withdrawn from the:
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